Ross Stores Inc

ROST: XNAS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Ross Stores Earnings: Robust Traffic and Sourcing Execution Drive Margin Gains; Shares Overvalued

Ross' first-quarter results included 21% sales growth and adjusted EPS of $2.02, up 38%. Operating margin expanded by 120 basis points to 13.4%, driven by merchandise margin gains, occupancy leverage, and lower distribution costs, but partly offset by higher compensation expense.

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